- The BW Singapore FSRU (Floating Storage and Regasification Unit) has arrived in Italy and will start operation in Ravenna in spring next year.

The floating LNG terminal, coming from the Dubai shipyards, has reached the Fincantieri shipyard in Palermo, one of the most important in the Mediterranean, where it will stay for just over a month for technical finishing operations, specifically mechanical, instrumental and electrical work and fine-tuning of some equipment. These activities are aimed at preparing the regasification unit for following gassing and cooling operations planned at the terminal in Cartagena, Spain. Then, the FSRU is expected to arrive in Ravenna in February for connection to the mooring deck, which was completed and installed last November, for receiving of additional amounts of LNG, and the final verification activities before commissioning scheduled for early April 2025.

‘’The arrival of the LNG unit in Italian waters is a further step forward in the gas supply diversification strategy launched in 2022, which has helped the Country to successfully tackle the energy crisis following the Russian-Ukrainian crisis, also through the use of LNG," commented Stefano Venier, CEO of Snam. “In the coming months, we will complete all the activities finalised to the entry into operation of the floating LNG terminal in Ravenna, which will further strengthen national energy security, providing benefits to citizens and companies”.

With the commissioning of BW Singapore, the Country's total regasification capacity will rise to 28 billion cubic metres, equivalent to the volumes imported by pipeline from Russia in 2021, before the Russian-Ukrainian war.

Liquefied natural gas (LNG) which is increasingly strategic for the security and diversification of Italy's energy supplies, currently accounting for approximately 25% of Italy’s overall gas consumption. In addition to Ravenna, Snam holds significant stakes in all the regulated LNG regasification terminals currently operating in Italy, including: the Panigaglia terminal (La Spezia), in operation since 1971, the Adriatic LNG terminal (Rovigo), in operation since 2009, the OLT FSRU Toscana terminal (Livorno), active since 2013, and the FSRU Italis LNG terminal (Piombino), operating since July 2023.

About Snam

Snam is Europe’s leading operator in natural gas transport, with a network of approximately 38,000 km in Italy and abroad. The company also deals with storage, of which it holds more than 17% of the European capacity, and regasification, with 13.5 billion cubic meters of gas per year that will rise to 18.5 billion cubic meters to 2025 thanks to the plant in Ravenna. Its medium-long term ambition is to develop and consolidate a system of energy infrastructure for a sustainable future, positioning itself as a multi-molecule operator at national and european level, focusing on innovation and enhancing the role of gas as a transition vector. Snam is among the leading Italian listed companies by market capitalisation.